mortgage 101

Whether you’re a first-time buyer or you’ve purchased a home before, you’ve likely heard of a homeowner’s association. In fact, an in-depth study has shown that 58% of all homeowners live in HOA communities.

People buy their homes for a number of reasons. Affordability, stability, and comfort are some of the most important factors. However, appreciation must also be considered when you’re thinking about buying, selling, or refinancing a home.

Mortgage brokers play an integral and active role in the mortgage market, offering customers a service not made available by large banks, credit unions, or other entities. It means that despite the fluctuation in the real estate market, it’s likely that mortgage brokers will never stop offering their services.

There’s a lot of expenses to keep in mind when you’re thinking about buying a home. Between the price of the home, property taxes, your mortgage payments, insurance, and any additional commute expense, your brain may feel like a calculator! One of the largest expenses when purchasing a home is one that isn’t always...

Conventional loans are mortgages offered by private lenders, banks, and institutions that are not backed by the government. Unlike FHA, USDA, or VA loans, which are government programs, conventional loans usually require a larger down payment and better credit scores to qualify.

Take a look at our mortgage guide for...

Private mortgage insurance is something millions of homeowners pay for each year. However, this type of insurance does not protect the homeowner.

When you first set out to buy a home, it can feel like you’re taking an exam you forgot to study for. You have to make quick decisions that can have ramifications on your finances for years and years to come, and while you'll probably get no shortage of advice from friends and family, it can be a headache to make...

When looking to refinance or buy a house, the pre-qualified vs pre-approved mortgage debate can be confusing. Pre-qualification is usually performed by an independent mortgage lender, and it allows you to make offers on homes, though it might not guarantee that the lender will accept your offer.

A home doesn’t just fall into foreclosure status. There are stages and processes that take place behind the scenes before a home is sold via foreclosure. One of those steps is known as pre-foreclosure.

It’s likely that your mortgage loan will be the largest loan you have during your lifetime. Mortgages are not a one size fits all approach, there are many different types of options you can choose from – all having their own unique qualities.To make the best decision, you first must understand the different types of...